South Korea's Financial Services Commission says that next month it will expand the role of a leading bad asset management firm in overhauling debt-laden companies, in an effort to speed up corporate restructuring in the country.
The Financial Supervisory Service is looking into the derivatives transactions of four foreign banks which have jumped abnormally amid a gradual decline among other banks since since last year.
The Korea Exchange has said that it will seek to list foreign ETFs on the local stock market to meet rising local demand for direct overseas investment.
Three consortiums led by IT firms have applied for preliminary licenses to launch the country’s first Internet-only banks.
Enhances cooperation and information exchange in the supervision of clearing organisations that operate cross-border.
Korea’s Financial Supervisory Service has announced revisions to rules on electronic finance supervision to incorporate exceptions for network separation at financial institutions.
South Korea's Financial Services Commission will charge a leading bad asset management firm to overhaul debt-laden companies in an effort to speed up the country's corporate restructuring program.
FSC implements new guidelines to ensure the effectiveness of internal controls and compliance functions in the banking sector.
Financial Supervisory Service announces various measures to improve consumers’ ability to compare lending rates posted online by financial institutions.
Korea’s Financial Services Commission will ease regulations for foreign lenders seeking to expand their banking operations in a bid to boost the country's global competitiveness.
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